Revealed: The true cost of running a failed IEO

Revealed: The true cost of running a failed IEO

We now know that “initial exchange offerings” are doing terribly. Just last week, research firm Longhash found that the briefly insurgent funding mechanism-which saw hundreds of crypto startups run token sales from the “launchpads” of willing exchanges-has yielded returns of around minus 80 percent for the thousands of investors that took part in the offerings.